Toncoin Surges with 5360% YoY Increase in Daily Active Addresses

• As of July 15, the number of TON daily active addresses reached 373K.
• Statistics showed that more than 50% of ecosystem initiatives use Telegram as their bot.

Recently, Toncoin—the native token of the TON (The Open Network) made a huge leap forward. The statistics revealed by ‘The Block Pro’ today indicates that the number of daily active addresses on the network increased by an astounding 5360% year-over-year this month.

In addition, analytics, gaming (P2E), and investments are among the most popular ecosystem categories, demonstrating variety that is well-received by the community. Data found more than 200 projects in eight distinct areas of the layer-1 blockchain, increasing the product’s attractiveness to users.

Substantial Growth

This data has generated a lot of hope for TON and its ecosystem. Which is great news since it shows that adoption is growing all across the world. The data provided by “The Block Pro” shows that as of July 15, the number of TON daily active addresses reached 373K. This is an increase of 5360% over the previous year. This sent off a wave of positive market sentiment toward the Toncoin ecosystem and pointed to rising use and network size.

At the same time, statistics showed that more than 50% of ecosystem initiatives use Telegram as their bot. Pavel Durov is at the helm of the two organizations, and this highlights the close relationship between them.

Moreover, the Open Network, meantime, has been busy with a slew of new innovations recently. The layer 1 blockchain today announced its strategic alliance with Animoca Brands’ Mocaverse & MOCA Foundation, which is noteworthy given the increasing usage of TON. Global players in the cryptocurrency sector have expressed hope in response to the Toncoin debacle.

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